Sentences with phrase «now in consumer proposals»

I've been working in credit counselling, and now in consumer proposals and personal bankruptcies for almost ten years, and have met with 5,000 or more... Read more

Not exact matches

While most of his proposals — «to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort» — are now conventional practice, his critique of fractional - reserve banking still «remains outside the bounds of conventional wisdom» although a recent paper by the IMF reinvigorated his proposals.

Over half of all insolvencies in Ontario are now consumer proposals.

This higher debt limit (it was increased from $ 75,000 in 2009) is one of the primary reasons why more than 50 % of all insolvencies in Ontario are now consumer proposals.

Or stay in the house, go through a consumer proposal, pay off $ 50,000 to his creditors now and pay the rest off over time.»

→ In your consumer proposal, you agree to pay $ 1 for every $ 10 owed, so your mortgage lender ends up getting approximately $ 25,000 from you, meaning the lender now has a loss of $ 225,000.

What happens if you were employed when you signed up for consumer proposal, and now unemployed and have no money coming in?

Legislative solutions, governed by federal law, typically come in the form of consumer proposals, which are now more commonly used than bankruptcy filings.

As we can see in the chart below, proposals have become significantly more popular since that time and by 2015, almost half of all insolvency filings in Canada are now consumer proposals, and this number is 55 % in Ontario.

Now you were talking about offering this settlement and how that all works, I'd like to get into a bit of that but we're going to take a quick break first, and we're going to come back and talk more about consumer proposals with Ted Michalos here on Debt Free in 30.

Now having said that, if you do actually have an appreciable amount of equity in your property then we're going to suggest that we consider filing a consumer proposal; making an offer to the creditors to pay back part of what you owe but protecting the property as part of the deal.

Billy is now the Licensed Insolvency Trustee and Consumer Proposal Administrator in charge of our Hamilton and Burlington offices.

In Ontario, the rate of Consumer Proposal now exceeds that of Bankruptcy, at 55 % of insolvencies addressed in 201In Ontario, the rate of Consumer Proposal now exceeds that of Bankruptcy, at 55 % of insolvencies addressed in 201in 2015.

So they did consumer proposals with us, the proposals were accepted and I think they're just a both just a few months in now to making payments, full legal protection, no need to file for bankruptcy.

Ted: Now what people have to keep in mind is, a Consumer Proposal is not a solution for the guy that doesn't have any trouble paying his debts.

Ted: And the sad fact is that one out of every nine Canadians at some point in their life is going to file bankruptcy or Consumer Proposal now.